A slide of Hollywood (tax credit) for Schenectady, Saratoga counties
The Capital Region could get its own slice of Hollywood action.
An expansion of the upstate areas eligible to participate in the Empire State Film Production Tax Credit program has passed both houses of the state Legislature and is waiting for approval from Gov. Andrew Cuomo. The bill was sponsored by Sen. Hugh Farley, R-Niskayuna, and Assemblyman Angelo Santabarbara, D-Rotterdam.
The current version of the credit, which is worth $5 million, doesn’t apply to select counties in the Capital Region, including Albany, Saratoga and Schenectady counties. A total of 14 additional counties will be able to benefit from this credit if it becomes law.
Santabarbara said the expansion of the credit will ensure the Capital Region is able to compete to bring film companies to the region. Farley said a film production in the region would be a huge job producer.
Schenectady County Legislature’s Economic Development and Planning Commission Chairman Marty Finn said in a statement that the credit gives Schenectady County an outstanding chance to aggressively compete for new opportunities in the film and television industries. He described it as a "major step forward!”
Farley welcomed interested people in Hollywood to come to Schenectady for their next project, noting the 2011 filming of "The Place Beyond the Pines" in Schenectady County. “We’ve already had a success so let’s build on that,” he said.
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